5.1a EMRUSR 12-10-2024ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
COMBINED BALANCE SHEET
FOR PERIOD ENDING OCTOBER 2024
ELECTRIC
WATER
ASSETS
CURRENT ASSETS
CASH
5,545,428
5,666,528
ACCOUNTS RECEIVABLE
2,971,160
5,586,707
INVENTORIES
1,747,109
60,706
PREPAID ITEMS
230,494
57,202
CONSTRUCTION IN PROGRESS
2,358,140
3,260,091
TOTAL CURRENT ASSETS
12,852,331
14,631,233
RESTRICTED ASSETS
BOND RESERVE FUND
1,779,016
0
EMERGENCY RESERVE FUND
7,338,990
4,213,228
UNRESTRICTED RESERVE FUND
0
0
TOTAL RESTRICTED ASSETS
9,118,006
4,213,228
FIXED ASSETS
PRODUCTION
824,065
17,072,086
LEG PROJECT
0
0
TRANSMISSION
2,305,024
0
DISTRIBUTION
50,732,650
28,138,612
GENERAL
24,780,734
1,246,964
FIXED ASSETS (COST)
78,642,472
46,457,662
LESS ACCUMULATED DEPRECIATION
(36,410,017)
(24,275,504)
TOTAL FIXED ASSETS, NET
42,232,455
22,182,158
INTANGIBLE ASSETS
POWER AGENCY MEMBERSHIP BUY -IN
21,546,212
0
LOSS OF REVENUE INTANGIBLE
6,223,278
0
LESS ACCUMULATED AMORTIZATION
(4,063,338)
0
TOTAL INTANGIBLE ASSETS, NET
23,706,152
0
OTHER ASSETS AND DEFERRED OUTFLOWS
690,058
126,311
TOTAL ASSETS
88,599,002
41,152,930
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
4,494,657
318,771
SALARIES AND BENEFITS PAYABLE
781,952
124,659
DUE TO CITY
700,485
2,476
DUE TO OTHER FUNDS
0
0
NOTES PAYABLE -CURRENT PORTION
0
0
BONDS PAYABLE -CURRENT PORTION
0
0
UNEARNED REVENUE
3,995
455,414
TOTAL CURRENT LIABILITIES
5,981,089
901,321
LONG TERM LIABILITIES
OPEB LIABILITY
0
0
LEG PROJECT
0
0
DUE TO COUNTY
0
0
DUE TO CITY
0
0
BONDS PAYABLE, LESS CURRENT PORTION
28,210,377
1,556,403
PENSION LIABILITIES
2,720,477
500,450
TOTAL LONG TERM LIABILITIES
30,930,854
2,056,853
TOTAL LIABILITIES
36,911,943
2,958,174
DEFERRED INFLOWS OF RESOURCES
836,813
4,937,984
FUND EQUITY
CAPITAL ACCOUNT CONST COST
1,779,016
0
CONTRIBUTED CAPITAL
0
0
RETAINED EARNINGS
46,802,217
33,120,013
NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
2,269,014
136,760
TOTAL FUND EQUITY
50,850,246
33,256,773
TOTAL LIABILITIES & FUND EQUITY
88,599,002
41,152,930
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